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Updated almost 6 years ago,

User Stats

124
Posts
50
Votes
Michael Junior
  • Real Estate Agent
  • San Diego, CA
50
Votes |
124
Posts

Under contract for a 1920 multi family

Michael Junior
  • Real Estate Agent
  • San Diego, CA
Posted

Hey I’m currently under contract for a 3 family built in 1921 and a 4 family built around the same time. Side by side buildings sharing a lot.

Anyways my question is.. would you feel comfortable buying properties this old?? They are both maintained very well. Inspection reports came back with minor details that need to be addressed. I’m just concerned over the long run they may be a pain in the butt to keep up. Both are off market deals, well below any on market comps. Being sold fully occupied , rents below market as well. Any feed back would be great thank you !!

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